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Financials
Medtronic Third Quarter Revenue up 12 Percent to $3.405 Billion
March 8th, 2008
Medtronic, Inc. (NYSE:MDT) announced financial results for its fiscal third quarter, which ended January 25, 2008. Medtronic recorded third quarter revenue of $3.405 billion, a 12 percent increase over the $3.048 billion reported in the third quarter of fiscal year 2007. Non-U.S. revenue of $1.307 billion grew 20 percent, including a $117 million benefit from currency translation, and accounted for 38 percent of Medtronic's revenue. Net earnings for the quarter were $77 million, or $0.07 per diluted share. As detailed in the attached table, adjusting for $0.56 of special charges relating to the impairment of intangible assets, litigation charges and in-process research...
Source: Law & Health Weekly (2008-03-08)
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